ACADEMY AT THE FARM INC (EIN 593638658) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1999

Legal Domicile

Principal Officer

RUTLAND BUSSEY

Phone

3525889737

Tax Period

2024-07-01 to 2025-06-30

ACADEMY AT THE FARM INC, founded in 1999, is a mid-sized nonprofit in the Education sector that reported $22.1M in total revenue in fiscal year 2024. Revenue surged 147% from the prior year, signaling strong growth momentum. The organization ran a surplus of $13.0M, a strong 59% operating margin.

Mission

CHARTER SCHOOL OPERATIONS

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $13,849,670

Program Service Revenue $8,212,829

Investment Income $61,914

Other Revenue $20,830

TOTAL REVENUE $22,145,243

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,099,073

Fundraising Expenses $0

Program Expenses $8,563,580

Other Expenses $2,069,209

TOTAL EXPENSES $9,168,282

Year-over-Year Comparison

	2024	2023	Change
Revenue	$22,145,243	$8,960,394	+1.5%
Expenses	$9,168,282	$8,286,380	+0.1%
Net Income	$12,976,961	$674,014	+18.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

185

Volunteers

120

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✓ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$158,745

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSHUA BORDERS	EXECUTIVE DIRECTOR AS OF MARCH 2025	40.00	Officer Director	$0	$0	$0
SUZANNE LARKIN	CHAIR	0.50	Officer Director	$0	$0	$0
WILLIAM BINGHAM	PRESIDENT	0.50	Officer Director	$0	$0	$0
JANAY ROUSER	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
EMILY LASTOWSKI	SECRETARY	0.50	Officer Director	$0	$0	$0
RUTLAND BUSSEY	TREASURER	0.50	Officer Director	$0	$0	$0
DANA MAGGARD	MEMBER	0.50	Director	$0	$0	$0
RYAN BRADY	MEMBER	0.50	Director	$0	$0	$0
SEAN DOUTHARD	MEMBER	0.50	Director	$0	$0	$0
DONALD R POLK	DIRECTOR THRU DEC 2024	40.00	Officer	$148,438	$10,307	$158,745

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$22,145,243	$9,168,282	$24,009,998	$12,976,961
2024	$8,960,394	$8,286,380	$5,814,024	$674,014
2023	$7,158,331	$6,985,181	$4,895,679	$173,150
2022	$6,347,785	$6,447,413	$4,864,792	$-99,628
2021	$5,934,755	$5,688,788	$5,244,567	$245,967
2020	$5,545,125	$5,414,396	$5,162,829	$130,729
2019	$5,442,984	$5,338,521	$5,049,199	$104,463
2018	$4,950,212	$5,015,182	$4,499,977	$-64,970

ACADEMY AT THE FARM INC